American Tower, KKR are bidders for Altice NV's towers - Bloomberg

Reuters Staff

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(Reuters) - American Tower Corp and KKR & Co LP are among bidders for Altice NV’s telecommunications towers, which could be valued at about 3 billion euros ($3.7 billion), Bloomberg reported on Tuesday, citing people with knowledge of the matter.

Infrastructure operator TDF and other private equity firms have also expressed interest in buying parts of Altice NV's businesses in France, Portugal and the Dominican Republic, the report said, citing the sources. bloom.bg/2FBTr4s

The Netherlands-based telecommunications company is considering setting up a new company for the assets and selling stakes in it to the winning bidders, according to the report.

Altice founder Patrick Drahi is looking to reshape his telecoms and cable group and is looking to divest non-core assets to help pay down debt.

Altice NV, KKR &Co and American Tower were not immediately available for comments.

(This version of the story has been refiled to correct to Dominican Republic in paragraph 2)

Reporting by Laharee Chatterjee in Bengaluru; Editing by Sriraj Kalluvila